Developments
Sydney’s Marlborough Hotel sold
The Riversdale Group, owned by Paddy Coughlin, John Singleton and Geoff Dixon, has acquired the Marlborough Hotel in the Sydney suburb of Newtown for $12.2 million.
Riversdale Group’s founder and chief executive Paddy Coughlin said the Marlborough is the seventh Sydney hotel purchased by the Riversdale Group.
“Our target is to build a $150 million pub portfolio and this purchase takes our combined pub assets up to around $85 million,” he said. “We’re half way there.”
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